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the capitalized value of the ground rent using a discount
~rate announcecl by the Florida Housing Finance Agency. The
coat of acquiring doea ~ot include usual and reasonable
settlement or fina~cing costs, the value of services pec-
formed ~iy Mvrtgagor or membera of Mortgagor's immediate
family in completing the residence or the cost of land which
has been owned by Mortgagor for at least two yeara prior to
the date on which construction of the residence begins.
(e) Without ~ the prior - written consent of ~ Lender,
Mortgagor will not sell or transfer all or any part of the
Property or an interest therein, excluding (i) the creation
o f a 1 i,:n or - encumbra+nce subord inate hereto, ( i i) the creA-
tion of a purchase money security interest for household
appliances, or (iii) a trahsfer by devise, descent or by
operation of law upon the death of a joint tenant. Any such _
written consent of Lender will tequire at least that the
provisions of the foregoing (a), (b), (c) and (d) must be
satisffed by any person as~uming the rights of Mortgagor
hereunder and that the provisions~of paragraph 17 above be
satisfied.
19. Acceleration• Remedies. Except as provided in paragraph
17 here~f, upon Irbrtgagor s breach of any covenant or agreement of
Mortgagor in this Mortgage, including, without limitation, the
coveoants to pay when due any sums secured by this Mortgage and
the tax covenant contained in paragraph 18 hereof, Lender prior to
acceleration shall mail notice to Mortgagor as provided in para-
graph 14 hereof specifying: (1) the breach= (2) the action re-
quired to cure such breach; (3) a date, not less than 30 days from
the date the notice is mailed to Mortgagor, by which such breach
must be cured; and (4) that failure to cure such breach on or
before the date specified in the notice may tesult in acceleration - ,
of the sums secured by this Mortgage, foreclosure by judicial I
proceeding and sale of the Property. The notice shall further
inform Mortgagor of the right to reinstate after acceleration and
the right to assert in the foreclosure proceeding the nonexistence
~ of a default or any other defense of Morts=~~r to acceleration and
foreclosure. If the breach is not cured on or before the date
I specified in the notice, Lender at Lender's option.may de~lare all
! of the sums secured by this Mortgage to be imiaediately due and .
~ payable- without further demand and may foreclose this lbrtgage by
judicial proceeding. Lender shall be entitled to collect in such
~ proceeding all expenses of foreclosure, including, but not limited
to, reasonable attorneys' fees, and costs of documentary evidence,
abstracts and title reports. ~
20. Mortqagor's Right to Reinstate. Notwithstanding Len-
der's acceleration of the sums secured by this Mortgage, Mortgaqor
shall have the right to have any 'proceedings begun by Lender to
enforce this Mortgage discontinued at any time prior to entry of a
judgment enforcing this Mortgage if: (a) Mortgagor pays Lender ~all
siuns which would be then due under this Mortgage and the Note had
no acceleration occurred; {b) Mortgagor cures all breaches of any
other covenants or agreements of Mortgagor contained in this
Mortgage; (c) Mortgagor pays~all reasonable expenses incurred by
Lender in enforcing the covenents and agreements of Nbrtgagor
contained in this Mortgage and in.enforcing Lender's remedies as
provided in paragraph 19 hereof, fncluding, but not limited to,
reasonable attorneys' fees and liquidated damages, if any; and (d) .
~ Mortgagor takes such action as Lender may reasonably require to
assure ~that the lien of this Mortgage, Lender's interest.in the
Property and M~rtgagor's obligation to pay the sums secu~ed by
. this Mortgage shall continue unimpaired. Upon such paymenk and
cure by Mortgagor, this Mortgage and the obligations secured
hereby shall remain in fu~ll force and effect as if no acceleration
had occurred.
' ' ' ` ~ g ' BOOK 3~2 PA~E 9Z8
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